A short or long-term answer for major cash needs

Often the ideal option for short or long-term financing, Commercial Bills can be an excellent answer when you need a significant injection of cash above $500,000. Normal terms are from one to six months for variable rate facilities and from one to five years for fixed rate facilities.

With fixed rate facilities, your interest rate remains constant for the term of each drawing, which may include several rollovers. With variable rate facilities, the interest rate is fixed for each bill but will vary at each rollover.

Your commitment is to repay the face value of each bill. If you roll the bill, you pay the difference between the face value and the discount amount of the new bill.

Borrowing via a commercial bill facility offers the flexibility to:

adjust the principal amount borrowed each rollover (or interest payment period) in line with business cash flow requirements, within a specified limit